There's now a running "LiveAndroid" i386 distro ( http://code.google.com/p/live-android/ ) which should work. However, I am confused as to whether it is amenable to the Slackware HOWTO at http://article.gmane.org/gmane.linux.colinux.devel/1061/ or earlier, so I asked on the developer list for someone to expand http://colinux.wikia.com/index.php?title=Converting_Distributions#Android -- so far that says: Probably you will want VNC -- http://code.google.com/p/android-vnc-viewer/ -- but maybe X will work -- http://imandroid.org/2009/02/25/run-x-windows-within-android-via-x11-hack/
I offer USD $100 to the first person to post a screen shot with instructions, and am boldly claiming priority 6.